FG opens Finance Bill 2027 public consultation, sets September 11 submission deadline
By Aboki Forex —
The Federal Government has opened a public consultation process for the Finance Bill 2027, inviting Nigerians, businesses, investors, professional bodies, civil society organisations, academic institutions, and other stakeholders to submit proposals. The Federal Ministry of Finance set a deadline of Friday, September 11, 2026.
Five focus areas for proposals
The ministry outlined five broad areas for submissions: taxation and revenue administration, fiscal policy and management, fiscal responsibility and accountability, financial and economic regulation, and other laws or policies that affect Nigeria's economic governance.
On taxation, the ministry wants proposals on tax policy, compliance, revenue mobilisation, customs and excise, and coordination between revenue agencies. For fiscal policy, it is seeking ideas on budgeting, public debt management, and intergovernmental fiscal relations.
Contributors are encouraged to identify specific provisions in existing laws that require amendment and to include suggested drafting language where possible. General recommendations are welcome, but the ministry says specific legislative proposals will be more useful for the drafting process.
How to submit
Proposals can be sent by email to [email protected] or submitted online at finance.gov.ng. The ministry provided a template that asks for the contributor's name or organisation, contact details, sector, state, the specific legal issue being raised, the relevant existing law, a proposed amendment, and the expected impact of the change.
The ministry listed priority concerns it wants submissions to tackle, including gaps and inconsistencies in existing regulations, unnecessary administrative burdens on businesses, conflicting legal provisions, weak institutional coordination, and revenue leakages.
The submission deadline is Friday, September 11, 2026. The ministry said it values clear, practical, and implementable proposals that can deliver measurable improvements to Nigeria's fiscal and economic outcomes.
What this means for the naira and businesses
The consultation gives businesses and stakeholders a direct channel to shape Nigeria's fiscal legislation before it reaches the National Assembly. If the process yields targeted amendments to tax and revenue laws, it could help reduce compliance costs and improve revenue collection, which are critical for stabilising government finances and supporting the naira over the medium term.
Earlier data from the National Bureau of Statistics shows Nigeria's Company Income Tax collections stood at N1.37 trillion in Q1 2026, an 8.08% decline from the N1.49 trillion recorded in Q4 2025. That decline underlines the need for more efficient tax administration and a clearer fiscal framework, which the Finance Bill 2027 consultation is meant to address.